Southwest Auto Parts, a family-owned auto parts store, began January with $10,200 cash. Management forecasts that collections from credit customers will be $11,600 in January and $15,000 in February. The store is scheduled to receive $8,500 cash on a business note receivable in January. Projected cash payments include inventory purchases ($15,800 in January and $14,200 in February) and selling and administrative expenses ($3,000 each month). Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all input fields. For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) Southwest Auto Parts Cash Budget January and February Cash available Cash payments: Total cash payments Less: Ending cash balance January February More info Southwest Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Southwest Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,000, plus 6% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Print Done -